Decision details

This report sets out the financial forecast for the General Fund revenue budget, the Housing Revenue Account, the Dedicated Schools Grant and the Capital Programme, as at Quarter 2 2025/26

Cabinet RESOLVED:

(1)       To note the overall financial position and the actions being taken to manage the issues arising, as identified within the report.

(2)       To note the savings delivery tracker, as detailed within Appendix A of the report.

(3)       To note the prudential indicators for treasury management as detailed within Appendix B of the report.

(4)       To approve the virements as set out within section 9.21 of the report.

(5)       To note the discretionary Business Rates reliefs to be awarded as set out within Section 9.18 of the report.

(6)       To approve the amendments to the capital budget as set out in paragraph 12.2 of the report.

(7)       To delegate authority to the Corporate Director for Finance and Resources to agree the terms of the £40m loan facility to I4B as set out in paragraph 12.2 of the report.

Eligible for call-in: Yes

Deadline for submission of call-in: 6pm on Monday 20 October 25